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Monday, June 5, 2023

Rapid7 Inc. (NASDAQ: RPD) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Rapid7 Inc. (RPD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.20, or -0.46%, to $43.33. The Rapid7 Inc. has recorded 48,387 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Rapid7 to Present at Upcoming Investor Conferences.

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Stocks Info

Rapid7 Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $43.53 and fluctuated between $45.27 as its day high and $43.41 as its day low. The current market capitalization of Rapid7 Inc. is $2.69B. A total of 1.14 million shares were traded on the day, compared to an average of 1.08M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RPD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 22 SELLs from insiders. Insiders purchased 570,996 shares during that period but sold 321,365.

In the most recent transaction, Thomas Corey E. sold 41,620 shares of RPD for 36.52 per share on Dec 16. After the transaction, the CEO now owns 428,074 company shares. In a previous transaction on Dec 15, Thomas Corey E. sold 41,619 shares at 36.68 per share. RPD shares that CEO owns now total 428,074.

Among the insiders who sold shares, Thomas Corey E. disposed of 41,619 shares on Dec 14 at a per-share price of $38.05. This resulted in the CEO holding 428,074 shares of RPD after the transaction. In another insider transaction, Adams Timothy M bought 2,500 shares at $30.00 per share on Dec 05. Company shares held by the Chief Financial Officer now total 109,294.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RPD in the last 3 months, the mean price target is $49.79 with high estimates of $65.00 and low estimates of $40.00. In terms of 52-week highs and lows, RPD has a high of $74.88 and a low of $26.49.

As of this writing, RPD has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.1. The company reported an EPS of $0.35 in the last quarter, which was 94.40% higher than expectations of $0.18.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. RPD’s latest balance sheet shows that the firm has $223.43M in Cash & Short Term Investments as of fiscal 2021. There were $912.56M in debt and $468.68M in liabilities at the time. Its Book Value Per Share was -$1.84, while its Total Shareholder’s Equity was -$126.00M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RPD is Buy with a score of 3.56.

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